Top-News of the Week:
Next strike for EnWave!
EnWave signs another commercial royalty-bearing license
EnWave once again! After announcing two top-class deals only a short time ago, EnWave reported a few days ago, that it has amended the existing commercial license agreement with Milne Fruit Products d.b.a Milne MicroDried Inc. to grant Milne the exclusive rights to produce dried blueberries and dried strawberries in the United States of America using EnWave’s proprietary Radiant Energy Vacuum (“REV™”) technology. Prior the Amendment, Milne’s exclusive territory for using REVTM for dried blueberries and dried strawberries was only the State of Idaho. Milne intends to purchase additional REV™ machinery with minimum capacity of 100kW within eighteen months of the Amendment. Upon signing the Amendment, EnWave received a non-refundable US$100,000 deposit towards the purchase of the Machinery.
It does work in one single state, so why not expand the business to the whole country? This should lead to more machinery purchases and to more license payments for EnWave in the near future!
News: EnWave Grants Expanded License Exclusivity to Milne Fruit Products and Receives Deposit for Additional Radiant Energy Vacuum Machinery
EnWave announces third quarter results
Furthermore, the company announced that it has signed a commercial royalty-bearing license with Ultima Foods Incorporated, a major Canadian yogurt processor with over 40 years of experience. Ultima is a joint venture between two of Canada's largest dairy cooperatives, Agropur and Agrifoods.
The License grants Ultima the exclusive right to use EnWave’s Radiant Energy Vacuum (“REV™”) technology to process yogurt products in Canada. In exchange for this exclusivity, Ultima has agreed to pay EnWave an undisclosed royalty on the wholesale price of all REV™-dried products sold. Ultima has also agreed to purchase a small commercial REV™ machine to enable a focused market trial in early 2018. Subject to maintaining the exclusivity of the License, Ultima is required to order a larger, continuous REV™ machine before the end of 2018.
This is EnWave’s twenty-second commercial royalty-bearing license and more to come.
News: EnWave Signs Commercial Royalty-Bearing License with Ultima Foods Incorporated to Produce Yogurt Snacks
A couple of days ago, EnWave reported the Company’s consolidated interim financial results for the third quarter ended June 30, 2017. The Company reported consolidated revenue of $4,674,000, and a consolidated net loss of $529,000 for the third quarter of fiscal year 2017. Non-cash items included in the consolidated net loss were $300,000 of stock based compensation expense and $206,000 of amortization expense related to intangible assets.
Therewith, the company is coming one step closer to the profit zone.
News: EnWave Announces 2017 Third Quarter Consolidated Interim Financial Results
Gold starts rally! – Silver follows!
The gold price finally made it: After two unsuccessful tries to jump over the important resistance level of around US$1,300, it was able to snap it. One of the reasons for this event was the central banks meeting in Jackson Hole last week, which ones more showed that there is much dissent how to continue with monetary policies. There were only rare statements about the continuation of the money flood nearside and farside of the Atlantic, which led to some kind of pessimistic feeling at the stock markets.
But for gold, it showed some positive effect. The gold price fulfilled a dynamic breakout from a multi-year downwards-trend and a fast rise to the relatively “safe” level of US$1,320. This could truly lead to a rally in fall, as the next hard resistance lines lie at US$1,380 and then at US$ 1,450 and 1,480. The silver price looks quite similar. Within the next couple of months, the magic mark of US$20 could fall.
In the meanwhile, precious metals should get a lot of tailwind from geopolitical issues. The recent launching of a North Korean missile including a flight over Japan should heat up eagerness in East Asia.
Headwind could come in the first quarter of 2018 from a new FED chef out of the Trump camp, which is known as being in favor of the extension of the easy money.
Many precious metals stocks already showed some gains. Endeavour Silver with 8.5%, MAG Silver with 5% and Silvercorp Metals with 10% are only three to mention. With a rising gold- and silver price, this should continue in the next few days.
Video: Gold in front of a comeback? Funds manager Udo Sutterlüty
Sierra Metals with a new discovery
Sierra Metals recently announced drilling results from the Escondida zone situated within the Cachi-Cachi Mine. To date 10 holes have been completed from 870 level of the Cachi-Cachi Mine, and have intercepted polymetallic sulphide mineralization and oxide zones containing high grade silver, zinc and lead with significant widths in zones of mineralized skarns that were not previously found at Yauricocha.
- The new discovery has a strike length of over 300 meters, the largest orebody historically found at Cachi-Cachi.
- Drilling at depth has delineated wide extensions of skarn/polymetallic mineralization over 30 meters wide.
- Location of the discovery extends the foot print of the Cachi-Cachi mine to over one kilometer in the direction of Esperanza and Yaurichocha’s central mine zone, highlighting the exploration potential of the Yauricocha fault between Cachi-Cachi and Esperanza.
Brownfield exploration remains a key component of the Company’s growth program. These results from the Cachi-Cachi Mine confirm the existence of important high grade mineralized areas and unlocks the possibility of discovering additional orebodies along the Yauricocha fault between the Esperanza and Cachi-Cachi ore bodies. The Company is planning to mine the Escondida zone in 2018 on the level 920 at Cachi-Cachi. Exploration programs are planned with an objective of adding high value tonnage in 2017 as drilling focuses on new discoveries and the expansion of areas in close proximity to existing operations.
News: Sierra Metals Reports New Discovery at the Cachi-Cachi Mine Zone at the Yauricocha Mine, Peru
Rye Patch Gold reports strong second quarter!
A couple of days ago, Rye Patch Gold reported a strong second quarter.
- Poured first gold from the new South Heap Leach Pad at the end of April 2017;
- Improved strip ratio from 2.80:1 in Q1 to 1.25:1 in Q2;
- Increased crusher through-put, with crusher out-performing plan by 20 to 40 percent;
- Recruited mine operators and technical staff to build workforce to near 100 percent capacity;
- Sold 100 percent of gold produced into the forward sales contract at US$1,275 per ounce of gold;
- Purchased four 785C haulage trucks for US$3.67 million, augmenting the current fleet and enabling planned production increases.
- At the end of the period the Company had cash and cash equivalents of CA$22 million and had drawn down CA$28.9 million of its credit facility.
Therewith, the company fulfilled the step to a commercial gold producer.
News: Rye Patch Gold Reports Q2 2017 Financial Results
US Gold Corp. reports Keystone drilling results
US Gold Corp. recently completed the last four holes as part of its scout drilling program on the Keystone Project, Cortez Gold Trend, Nevada, and reported a summary of results.
Details can be found in this news: U.S. Gold Corp. Provides 2017 Keystone Scout Drilling Results and Update
Video: A Rising Mining Star In The USA: US Gold Corporation
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